Bill Kaplan Blackjack
In 1980 Massar met Bill Kaplan, a Harvard graduate who ran a successful blackjack team in Las Vegas until the team was so recognized they no longer.
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The story of the MIT blackjack team, who took on the house and won huge amounts of money, is a well-know story, and the students have gone on to become admired and highly sought after in the blackjack world.
MIT students are synonymous with being able to understand and implement strategies that the layman would not dare dream of. The sophistication of the technique these innovative students used blew the imagination of all.
It all started with the Harvard student Bill Kaplan, who thought he could beat the casinos with his own strategies. Kaplan had to first convince his family to accept the fact that he was postponing his studies at one of the top schools in the Unites States to try his hand at gambling. He had a strategy in place from the beginning after reading several books on card counting. He strongly believed that with this knowledge, added with his strong mathematical skills he could come out on top.
His stepfather was not too keen on the idea, and challenged Bill to a competition. After two straight weeks of beating his stepfather in blackjack, Bill ventured out into the magnificent world of blackjack with £600 and a song. In the space of nine months he had effectively turned that £600 into £20.000.
After the leader of a group of students from MIT overheard him talking about his accomplishments, he asked Bill Kaplan to train him and his students. The gathered a team, and throughout the 80s they had a successful run of it.
Mike Aponte was an instrumental part of this group. He was not too keen of the academic side of school and was surprise to have received £24.000 to gamble for the team. The only thing that shocked him more that getting the £24.000, was losing a quarter of it in his turn at that table. He didn’t give up, and he thought up a scientific strategy that made him able to recover and return with a profit of £15.000.
However the winning streak didn’t last too long as the casinos began to spot the players and effectively ban them from the casino. These monumental wins gained them unwanted attention to the point where private detectives were hired to find them.
The trick to getting pass the casino guards, was to be seen as a high roller and not a brainiac. This was a hard task for one of the MIT team members. Although he passed the initial test, his looks and personality gave him away.
In 1992 they wanted to bankroll a new team, and Strategic Investments was born. Friends and family invested 1 million dollars in the start-up company. This was very impressive and showed they had faith in the techniques and strategies employed by this team of professional blackjack card counters.
Thinning the Herd
It so happens, that this particular member and his wife were arrested, and the stake and winning confiscated. This was a very hard blow for the team. Being caught did nothing for moral, in fact it broke their spirits and the interest in playing blackjack dwindled.
It was really interesting to note the measures some of these players employed to continue playing blackjack. One even dressed as a woman to avoid attention. In 1993 the pressure and attention got to great for the group, which had a membership of about 80 players. Although the winnings seemed high, the splits that eventually had to be made to satisfy the return on investments and players’ cut were less than ideal.
Kaplan decided that his best chances of making substantial money, was not at the blackjack table, but in real estate. His wife was ecstatic that the headache was over and that no one was calling in the wee hours in the morning asking for advice.
After Strategic Investments went under, Aponte and other members branched out and formed multiple teams. With the past experiences still fresh in their minds, they were able to maneuverer around and through some of the pitfalls; one being the personality of the recruits.
Unfortunately for Aponte, he became well known, so participation in the actual card counting was no longer on the cards for him. In 2004 he became the World Series Blackjack champion and further went on to advise the casinos.
This team was able to pull off the most amazing feat with some brains and a sound strategy. It was not all roses for this group but also a learning curve and induction into the wonderful exciting world of blackjack.
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You may not bring down the house, but here are 11 of his tips that will give amateur gamblers an extra edge. Keep you game face. The Card Counters. Never believe you're on a winning streak and never over-bet or make foolish plays. Progressive betting does not change the probabilities of the game. Sign up now. You can find this online or in countless Blackjack books. If you're playing with a 1 percent disadvantage, you will lose an average 1 percent of all the money you bet at the table. Unless dealers are doing something dishonest -- and there are hundreds of cameras in the sky to make sure they're not -- they can't do anything that will affect your play. Five decks are plenty. New member? Bill Kaplan, co-founder of the MIT blackjack team that took Vegas for millions, has a few tricks up his sleeve. Never take insurance. You should never Never split 5s or 10s and never stand on 12 through 16 if the dealer is showing a 7 or higher. You should only tip the dealer if you feel like tipping. More from Inc. Enter your email to reset your password. Never play cards when you're drinking. Forgot Password? Remember, insurance is a loser's bet. Emotions are distractions and might cause you to make excessive bets or playing strategy errors that will cost you dearly. More Slideshows.{/INSERTKEYS}{/PARAGRAPH} Unless you're keeping track of the ratio of aces and cards remaining in the stack of cards still to be played i. Unless you're counting, don't worry about the shuffle. Beware the 'hot' and 'cold' myth. Or sign up using:. Sign in if you're already registered. There is no way to bet progressively to maximize winnings. Never play for extended periods of time without taking a break, getting a drink of water, eating a snack, or simply stretch your legs. Don't sit down at a Blackjack table without first memorizing a 'basic strategy' chart. The more money you bet, the more money you can win and lose! For a professional player, an automatic shuffler makes tracking specific packets of cards or specific cards through a shuffle theoretically impossible. You're about to be redirected We notice you're visiting us from a region where we have a local version of Inc. Don't feel pressure to tip. All seats at the table are the same. This is a one-page chart that specifies every hit, stand, double down, and split decision to be made at the table for every possible combination of cards in your hand and the dealer's 'up' card. {PARAGRAPH}{INSERTKEYS}If you think the MIT blackjack team was a laid-back after-school club that enjoyed a good card game, you're wrong. Remember the fundamentals. You should always Always hit a soft 17 i. One should never get emotional about cards. Blackjack master Bill Kaplan organized the team like a startup. Only superstitious people do. Once you've learned basic strategy, your disadvantage at the game will be. Typically, progressive betting will only serve to force you to bet more than you might otherwise bet and therefore you will lose more in the long run. Most handheld shuffles are not perfectly random and therefore can be beaten by simulating the shuffle on a computer and then devising a system to exploit their non-random nature. Surprisingly, cards have no preference for particular seats. Today's Must Reads. A 6- or 8- deck game is slightly more disadvantageous to a player 10ths of a percent but there's more potential for a player to be cheated in a handheld single-deck game although this rarely happens at reputable casinos.